Previous Close | 23.67 |
Open | 23.49 |
Bid | 23.91 x 232900 |
Ask | 23.92 x 230600 |
Day's Range | 23.49 - 23.49 |
52 Week Range | 18.13 - 27.96 |
Volume | |
Avg. Volume | 259 |
Market Cap | 47.635B |
Beta (5Y Monthly) | 1.03 |
PE Ratio (TTM) | 10.63 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.65 (2.74%) |
Ex-Dividend Date | Mar 28, 2024 |
1y Target Est | N/A |
Volvo Cars' sales in June rose 8% to 71,514 cars from a year earlier, underpinned by strong performances in Europe and Latin America as well as for its new fully electric model EX30, the Sweden-based automaker said on Thursday. Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement that sales of fully electric and plug-in hybrid models were up 41%, and also account for 48% of its global car sales. "As June comes to a close, the sales figures for the month are proof of the successful steps we have taken toward our long-term strategic direction and the continued demand for our cars," the company.
Volvo had previously said it would begin selling the EX30 in the United States later this year, but a spokesperson on Wednesday told Reuters that deliveries will not start until 2025, in part due to the introduction of tariffs of more than 100% on Chinese EV imports by the U.S. government. U.S. President Joe Biden unveiled steep tariff hikes on Chinese imports last month, including over 100% on EVs, up from 27.5% earlier. Volvo, the Swedish luxury brand owned by China's Geely, started building the EX30 in Zhangjiakou, China, and said last year it would expand production of the small electric SUV to a plant in Belgium beginning 2025.
Last summer the Swedish carmaker announced it would limit UK sales to its more popular SUV models